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Buy, Sell or Transfer New Zealand Dollar (NZD) in India at the best exchange rates
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
Are you looking to exchange New Zealand Dollar for Indian Rupee however not sure of how and where to make the transaction? Firstly, we at Thomas Cook believe, in case your plan is to take a trip to New Zealand anytime soon, then you keep the currency with you instead of selling it. In case not, then we will offer you the best exchange rates to sell the New Zealand currency.
Thomas Cook will offer you the avenue to sell your forex currency as per the given live rates. To check the live rates, you may log on to our website where our live forex card will keep you updated at all times from anywhere. The live rates in turn will also function as a base for you to figure the right time to sell forex to get the best currency exchange rates. We offer you the best competitive rates, and assure you with the most efficient and seamless service throughout the entire transactional process. Therefore, understanding a user’s requisition and concerns, Thomas Cook ensures providing the right amount of information, and assistance pertaining to all aspects of forex. If you are looking to sell the Hong Kong currency, we can surely help you with the process. However, just in case you are to take a trip to Hong Kong soon then we suggest you keep the currency with you. If not, then we will ably assist you.
You may sell your spare New Zealand Dollar either by filling up and online form along with the necessary documentation or you may visit our reps to initiate the process one on one basis. Either way, our reps will ensure keeping you updated on the status at all times in addition to their relentless assistance at your disposal.
New Zealand's official currency is known as New Zealand Dollar and abbreviated as NZD. It is also known by the nickname Kiwi. Being one of the advanced countries, the value of the New Zealand Dollar is also quite high in the global economy. Investors also find NZD as one safe currency to deal with. Not just in New Zealand but Kiwi circulates also in Tokelau, Cook Islands, Niue, and Pitcairn Islands. The symbol for the currency is NZ$ or simply NZD. The export market of New Zealand contributes immensely to its GDP and the overall value of the NZD.
Before the New Zealand Dollar was introduced, the country used the New Zealand Pound. It was only in 1967 when the decimalisation of the currency took place and it was renamed as NZD. 1 NZD is equal to 100 cents. It is the Reserve Bank of New Zealand that is responsible for looking after the monetary circulation in the country and its value in the international market. Once, the NZD was pegged to the USD. However, currently, it is a free-floating currency.
Since 1999, the government has been circulating polymer banknotes to curb counterfeit currency. The polymer notes are not just difficult to copy but are also 4 times stronger than paper notes. The banknote denominations are $5, $10, $20, $50, and $100. Coins are in the denominations of 10c, 20c, 50c, $1, and $2.
The New Zealand Dollar rate keeps on changing since it is not pegged to any currency. The exchange rate simply refers to the rate at which one currency is converted to another currency. In the case of NZD-INR (Indian National Rupee), the current exchange rate is INR 50.99 per NZD.
The exchange rate of NZD-INR is decided by several factors. The economic, political, and social conditions in both the countries and their international reputation have a lot to do with the exchange rates. Tourism in New Zealand yields good income for the country. Apart from this, the global price of milk powder also impacts the rates since New Zealand is the largest exporter of whole milk powder in the world. Other than this, agriculture, fishery, mining, and forestry also impact the exchange rates in NZD.
The current exchange rate of NZD-INR is 1 NZD= INR 51.99. This means that if you carry 1 NZD to India, you will receive INR 51.99. On the other hand, the INR to NZD rate is 0.020 NZD per INR. This means you will receive 0.020 NZD in return for INR 1. Let's check an example:
Manik Mehra lives in New Zealand with his family. He is planning a world tour including India. So, before converting currency, Manik is using a currency converter (online calculator) to calculate the amounts. So, as per today's rate, an NZD-INR conversion of 10,000 New Zealand Dollars will give him INR 509, 900.
Currency conversion is an essential task that has to be done when travelling or transferring money from one country to another. In order to calculate how much you need to convert for a specific amount, you may take the help of a currency converter. It is an online tool that allows you quick calculations based on the current exchange rates. You just have to enter the details and it will quickly show you the result. For instance, some of the calculations for NZD-INR will be:
1 NZD = INR 50.99
100 NZD = INR 5,099
1,000 NZD = INR 50,990, and
INR 1 = 0.020 NZD
INR 1,000 = 20 NZD
INR 10,000 = 200 NZD.
The exchange rates fluctuate owing to the changes in several factors like global market prices, inflation rates of a country, and so on. So, who determines the exchange rates? As of NZD-INR, the rates are determined by the monetary authority of both countries. The Reserve Bank of New Zealand and the Reserve Bank of India are the central banks of New Zealand and India, respectively. Both the banks keep on closely monitoring the changes and as per the global changes, the exchange rate of NZD-INR also changes.
New Zealand and India announced their bilateral relations back in 1952 and have maintained since then. India and New Zealand also share Free Trade Agreements (FTA). While India exports medicines, motor vehicles, textiles, etc. to New Zealand, it also imports precious stones, aircraft, cereals, flour, milk powder, etc. Hence, along with the relations between both countries, the currency value of NZD-INR is also reviewed and determined regularly. NZD is a powerful currency and INR has also seen several advancements in the global market. So, if you are planning for a tour or transferring money from NZD-INR or vice-versa, make sure you calculate the amounts using the currency converter.
Select currency and denomination you need to carry along
Option to choose the doorstep delivery or branch pick up
Make payment via multiple payment options like debit card, credit card & Netbanking
Receipt of forex order completion at blocked rate
